Business Inventories, Sales Up In April

June 15, 1989

Business inventories rose 0.6 percent in April but the buildup was outpaced by a 1.7 percent increase in sales. The Commerce Department said inventories held on shelves and backlots climbed to a seasonally adjusted $769.8 billion in April following a 0.3 percent rise in March. Business sales, meanwhile, increased to a seasonally adjusted $516.3 billion after holding steady in March.